The alleged case of financial malpractices against former Chief of Defence Staff, Alex Badeh, by the Economic and Financial Crimes Commission, EFCC, at the Federal High Court in Abuja has been terminated.
The court hearing the case terminated it on Monday following the death of Badeh.
Badeh who had been facing the case of money laundering to the tune of N3.9 billion since 2015 was shot dead in December, 2018.
He was returning from his farm in Nasarawa State when he was attacked.
“In view of the fact that the first defendant in the original charge is reported dead, all charges against the first defendant are hereby terminated,” declared Okon Abang, who presided over the case.
He however ruled that Iyalikam Nigeria Limited was found guilty of involvement in the financial crime.
Abang declared in the verdict: “Having regard to the plea bargain and plea duly taken, I hereby find the defendant Iyalikam Nigeria Limited guilty.
“The defendant is hereby wound up and this judgement shall be served on the Corporate Affairs Commission (CAC) for necessary action.
“All properties in line with the 10-count charge are hereby forfeited to the Federal Republic of Nigeria through the Economic and Financial Crimes Commission (EFCC).”
